GWEC: Offshore wind is estimated to surge to 234 GW by 2030

Offshore Wind

Global offshore wind capacity is estimated to surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by growth in the Asia-Pacific region and continued growth in Europe, according to a new report from the Global Wind Energy Council (GWEC).

GWEC recently released the second edition of its Global Offshore Wind Report, a comprehensive overview of the global offshore wind sector with the latest data and analysis on market growth, industry forecasts to 2030 and data-based insights on emerging markets. The report also includes lessons learned on support schemes, industrial development and job creation, grid connection, cost reduction and supply chain, as well as health and safety to further drive growth of the market.

The report found that 2019 was the best year on record for offshore wind, with 6.1 GW of new capacity added globally, bringing total global cumulative installations to 29.1 GW. China remains in the number one spot for the second year in a row for new installations, installing a record 2.4 GW, followed by the UK at 1.8 GW and Germany at 1.1 GW. While Europe continues to be the leading region for offshore wind, countries in the Asia-Pacific region, as well as the US market, will be regions of significant growth in the next decade.

GWEC Market Intelligence forecasts that through 2030, more than 205 GW of new offshore wind capacity will be added globally, including 6.2 GW of floating offshore wind. This represents a 15 GW increase from the forecasts in GWEC Market Intelligence’s pre-COVID forecast.

The global offshore market has grown an average of 24% annually since 2013. Europe remains the largest market for offshore wind as of the end of 2019, making up 75% of total global installations. Europe continuous to be a leader in offshore wind, with a 450 GW goal by 2050 driven by the UK, Netherlands, France, Germany, Denmark and Poland.

North America currently has just 30 MW of offshore wind capacity in operation in 2019, but deployment is expected to accelerate in the coming years with 23 GW forecasted to be installed by 2030. This growth will mainly come from the budding industry in the US, and we can expect to see utility-scale projects coming online by 2024 in the US.

The report highlights increased activity level in the Asia-Pacific region, led by China where 52 GW of new offshore wind capacity is expected to be installed by 2030. Taiwan is set to become the second-largest offshore wind market in Asia after Mainland China, with a goal of 5.5 GW by 2025 and an additional 10 GW by 2035. Also, Vietnam, Japan and South Korea are expected to install 5.2 GW, 7.2 GW and 12 GW of offshore wind capacity respectively.

GWEC is working actively to drive the growth of offshore through the work of its Task Forces and members, including Global Offshore Wind, Japan Offshore Wind and Floating Offshore Wind. GWEC is also closely working with The World Bank Group and ESMAP on their Offshore Wind Development Program.

The full Global Offshore Wind Report is available for download here.

Ben Backwell, CEO at GWEC commented: “Offshore wind is truly going global, as governments around the world recognize the role that the technology can play in kickstarting post-COVID economic recovery through large-scale investment, creating jobs and bringing economic development to coastal communities. Over the coming decade we will see emerging offshore markets like Japan, Korea and Vietnam move to full deployment, and see the first offshore turbines installed in a number of new countries in Asia, Latin America and Africa.

“Furthermore, 1 GW of offshore wind power avoids 3.5 MT CO2 – making it the most effective available large-scale technology to avoid carbon emissions and displace fossil fuels in many geographies”.

Feng Zhao, GWEC Strategy Director says: “The industry’s outlook has grown more promising as more and more countries around the world are waking up to the immense potential of offshore wind. As the market continues to grow, innovations in the sector such as floating offshore wind, larger and more efficient turbines, as well as Power-to-X solutions will continue to open new doors and markets for the sector and place the offshore industry in an increasingly important position to drive the global energy transition”.

“Offshore wind has already proven itself as an affordable, scalable, zero-carbon technology, and maximizing the growth potential of the industry has depended on collaborative action between governments and industry for market design, to set clear capacity targets, undertake forward-looking planning for infrastructure development and workforce requirements,” he added.


Top 5 markets for new offshore installations in 2019

China Flag
  1. China – 2.4 GW
  2. The UK – 1.8 GW
  3. Germany – 1.1 GW
  4. Denmark – 374 MW
  5. Belgium – 370 MW

Top 5 markets for cumulative offshore installations in 2019

UK Flag
  1. The UK – 9.7 GW
  2. Germany – 7.5 GW
  3. China – 6.8 GW
  4. Denmark – 1.7 GW
  5. Belgium – 1.6 GW

Top 5 markets forecasted for cumulative offshore wind installations by 2030

China Flag
  1. China – 58.8 GW
  2. The UK – 40.3 GW
  3. US – 22.6 GW
  4. Germany – 20 GW
  5. Netherlands – 11.4 GW
Previous articleEnergy Cast Podcast: Why utilities should be more transparent
Next articleQCELLS expands its energy storage solutions through acquisition of Geli
Renewable Energy World's content team members help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S., the UK, and South Africa, the team is comprised of editors from Clarion Energy's myriad of publications that cover the global energy industry.

No posts to display